Grand Rapids Real Estate Guide | Buying and Selling Houses
One of the first things you should do when buying or selling a home is find a real estate agent. Don’t settle for any agent, know how to find a good real estate agent. Do your homework and find a good, reputable real estate agent or realtor. The main difference from a typical real estate agent and REALTOR® is that even though both are licensed to buy and sell homes, a REALTOR® is a member of the National Association of Realtors. They are bound to a Code of Ethics that includes 17 different articles of responsibility. These articles focus on honesty and maintaining transparency with the client. The clients interests must always come before the interests of the REALTOR®.
There are several important aspects that one must consider that put extra value in using an agent. One of the best benefits of hiring an agent is that they have access to home listings that you might not be able to find on your own. The amount of resources that an agent has is vast and they have access to private listings that are not available to the general public. They can also get access to housing histories. How often a house is bought and sold can provide insight into potential underlying problems. A house that has changed hands several times over just a couple of years may indicate that something is driving owners away from keeping it. This could be something like noise from a nearby highway, issues with the infrastructure or a number of other things.
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Buying Homes in Grand Rapids
When it comes to buying a home, it can seem overwhelming at first, especially for first time home buyers. There are a lot of things to consider from budgets and interest rates, to locations and crime rates. Grand Rapids real estate listings can change very fast due to the growing economy and housing market. There are houses being bought and sold everyday. Top real estate agents stay up to date on these listings and can help find a house that fits your desires as soon as it comes on the market. Another benefit of buying a home is that you become eligible for certain tax deductions and tax credits.
If you are looking at buying a home, you should keep several factors in mind and consider how you prioritize these factors. Having a house with an attached garage may be nice, but if it is in an area of high crime, you may not want it. These factors can vary greatly between people at different stages in life and with different priorities. Many people with families will value places with good schools and easy access to activities for their kids. Young couples often try to find a house slightly larger than their current needs with extra bedrooms and bathrooms if they are looking to start a family in the future. Older people may want something that is small and easy to maintain if their kids are out of the house and it is time to downsize.
Selling Homes in Grand Rapids
Selling a home may seem like a lot of work to many people. There are so many little things you can do, and it can always look better for a potential buyer. Hiring a REALTOR® to help you with this can save you both time and money, allowing you to get the most out of your home. Little things such as landscaping, paint and decoration can all help the home seem more appealing to potential buyers. Other things may or may not need to be done, depending on the cost of the project and the amount of value it can add to the home you are selling.
Many people try to sell real estate themselves to avoid paying a commission. Selling homes, like any other profession, takes time and practice to excel at. A realtor has access to more potential customers, which can mean a faster selling time. They also know what customers look for, and how to improve your home to sell. This can lead to a higher selling price, often enough to cover the fee they charge. Grand Rapids offers a number of real estate services, including GRAR. Greater Regional Alliance of REALTORS® is a network of local, licensed realtors that can help you sell your home.
Grand Rapids Housing Market
Grand Rapids is in the midst of a booming real estate market. Many people who have purchased homes in the recent years have seen impressive increases in value, which essentialy means profit for them if they decide to sell. For example, a friend of mine purchased a condo less than 4 years ago in the range of $160,000 to $180,000. Today he could sell that same condo for around $225,000 to $250,000. Not everybody will see returns of this magnitude, as the market is known to fluctuate but it is possible. Hiring the right REALTOR® can help you find some of the areas of the market that have shown the best growth.
So whether you are looking to buy a foreclosure, buy a new development home, purchase a condo, or a country estate, a realtor can help you find these. Contact a realtor today to find real estate listings near you.